Global Transaction Banking

Outgoing remittances: The Libyan Foreign Bank has a wide network of correspondents and joint banks. This allows the speedy implementation of remittances to beneficiaries anywhere in the world.
Incoming transfers: The bank receives incoming transfers to the accounts of customers from individuals, companies, embassies, bodies, institutions and local banks, as well as payment orders to beneficiaries, in either cash or crediting their accounts.
Internal Transfers: These are the remittances that are dealt with within the bank and with other banks operating inside Libya, at the request of customers, through the national payment system.
Overdraft: Customers granted overdraft as a facility, after preparing the necessary studies and based on the bank's credit policy.
Issuance of local letters of guarantee: The bank issues a local letter of guarantee at the request of the customer according to the facilities granted to him in accordance with the credit policy.
Payroll management: The Libyan Foreign Bank provides a monthly salary transfer service for companies employing foreigners. Transfers are made by uploading a file that includes mandatory fields, and if all of these fields are correct, the transfer is made to the employees' accounts and the deduction is made from the company automatically.

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